Most children are primed to imagine their dream home with the sun shining over the horizon, clouds dotted with birds, a small water body flowing by quietly, and a pretty garden abutting a small house. Well, if you want to experience this in reality, here's a chance: Krishna Aquabay is your dream home on the banks of Kammasandra Lake, just after the Hosur Road Flyover closer to Electronic City Phase 1 and 2.

Krishna Aquabay is a beautiful project located in the heart of IT Hub i.e. Electronic City. The project offers multiple choices to the buyers ranging from 3 Bedroom homes with private gardens to spacious 5 bedroom duplex apartments with private terrace gardens. With the whole host of amenities next to the lake and more than 65% lung space the project offers green and serene lake-shore lifestyle.

The never you hear anyone talking about interim
housing,extended stay or corporate housing you can safely
assume that they are referring to service apartments. The hospitality industry
has been transformed through this concept. Such an apartment is a special,
fully furnished place or executive home that is provided instead of a hotel.
Should you be vacationing with your family, changing locations or on an
official tour, staying in a service apartment will give you the comfortable
feel of a home.

These apartments differ from the usual hotel rooms
in that they consist of well-furnished one, two and three bedroom apartments
with separate living rooms and well-equipped kitchen. You have the facilities
of room service, maid service and cook service. As compared to stay in a hotel
it is hard to imagine getting such reasonably priced services in service apartments.

There is a growing class of builders who are taking
seriously the need for construction of service apartments. They happen to be
fully furnished units with well planned interiors and quality decor.

You may be charged as little as Rs 500 a day for
certain service apartments and have added luxury for more money. A party hall,
billiards room or a gym, these apartments offer everything that an expensive
apartment or hotel could provide. You have a fridge, water-purifier, microwave,
electric kettle, toaster, gas stove, crockery, cutlery, pressure cooker and
kitchen vessels whatever you need. Along with that comes access to the
internet, STD/ISD facilities, car rentals, fax and broadband service - whatever
a business traveler may require.

You get more value for an affordable cost. Should
the company be unable to afford hotel accommodation, think of the option of
corporate housing. Certain service apartments are specifically built with a
specific corporate house in mind. The location will be strategic, the interiors
will be gorgeous, you will have 24 hour room service and what not!

Service apartments have several advantages. These
include considerable saving on accommodation expenses, they are more spacious
than a hotel room, you have your own lounge and kitchen, you have uninterrupted
access to business and secretarial services. Most of these service apartments
are located near shopping complexes, hospitals, restaurants, schools and office
spaces. There is an inviting lobby with pleasing decor, fitness center,
swimming pool and restaurant, continuous maintenance and cleanliness. You will
also have the facility of ample closets and storage space for suitcases, garden
and play area and all basic utilities.

Some home owners try to generate income by turning
their homes into such living units. These will be in demand for marriage
parties and for travelers. The homeowner must make sure that such activities
are allowed in the complex. Many people have spent a lot of money in turning
their homes into such a place but they are not always able to keep up with all
the care and attention needed as it may prove too much for a single person to
handle.

DS-MAX Silver Oak apartment offer everything that one needs to lead an effortless lifestyle. An awe-inspiring apartment perfectly priced to lead a magnificent life. It is for those who seek nothing but the best in an absolute eye-catching apartments.

Our luxurious residence offers 2 BHK and 3 BHK apartment for a better living, which is specially built to suit your requirements with ambiance, serenity and luxury living. The marvelously designed apartment are wonderfully positioned at “Kammasandra” Bangalore South. This luxurious residence is close proximity to Electronic city, where major IT firms such as Infosys, Wipro Technologies, CGI, Siemens and Hewlett Packard are located, easy access to many commercial centers in vicinity.

Since, DS-MAX Silver Oak apartment are centered in Silicon Valley Lifestyle it successfully drives your acceptation and requirement. It is integrated with finest design floor plan, comprising plenty of modern style and efficient living space. At DS-MAX Silver Oak every residents will acquire ever-lasting pleasure with its enhanced amenities.

Property market saw a boom all over the country during the last few years, and the prices of properties made it impossible for a common man to think of buying any property in Bangalore during this period. Seeing this sudden boom in the real estate market, many developers entered into the real estate market in Bangalore, since Bangalore was considered to be the fastest growing city in the country.

No doubt, Bangalore is one of the fastest growing cities of the country as could be seen from the launch of major infrastructure projects, like construction of flyovers, widening of major and primary roads, construction of grade separators, under passes, Metro rail, Mono rail etc. The city has grown not only in area but also in population. Bruhat Bangalore Municipal Corporation now has within its jurisdiction 110 villages, Seven city municipalities and one town municipality surrounding Bangalore and thereby the area which was just 250 sq. kms is now almost 900 sq. kms.

The population which was about 40 lakhs is now about 80 lakhs. The entry of a number of multinational and IT, BT companies has also contributed to the growth of the city in the past / two decades. The growth has not only attracted the young job seekers, but many educational institutions have been established in and around the city of Bangalore wherein students hailing from various parts of the country and abroad seek admission in various technical and managerial academic courses. All these factors have contributed to the growth of population of the city of Bangalore.

As the Bangalore city is now considered to be the destination for investment in trade and industry and the increase in population has automatically created a greater demand for accommodation both in commercial and residential sectors. Most of the owners of residential / commercial properties in Bangalore are expanding their built up area by constructing many upper floors to meet this greater demand. To some extent this step may meet the demand for accommodation in the city.

When this upward trend in the real estate sector was in full swing, then the came the global recession and the recession has greatly affected the real estate industry, particularly the construction sector. Buyers were forced to defer their investments strategies for various reasons. As a consequence thereof, there remained a large number of flats vacant awaiting the prospective purchasers. This trend continued till recently and the property developers were under great strain. However, the situation is now slowly improving.

The demand for accommodation, both for commercial and residential, is now much improved. Developers, who have developed the properties and were not able to sell their end products, will now be able to dispose them of. To off load their finished products, the developers who are ready with their completed projects are offering various incentives like concessions in prices, provision of swimming pools, clubs, gyms, small markets, gardens, playgrounds, easy payment schedules, etc within their project area. With these incentives and facilities it is expected that the buyers will now get motivated to invest their money in real estate market. The present situation seems to be quite favorable for middle and higher middle class people for investment immovable properties.

The demand for residential accommodation being very high the developers hope to sell their properties. In addition to this, the authorities, though late, have realized that the needs for basic infrastructure in all the localities have to be met expeditiously and are now responding favourably to such demands of the people.

Now that the infrastructure development activities are in full swing and the property developers too are providing some of the basic infrastructure needed within their project areas, banks are offering required funds in the form of long term housing loans, it is hoped, the prospective investor in real estate would come forward to invest their money on the immovable property to own property of his in the city of Bangalore. The real estate pundits also feel that it is the appropriate time for investment in the real estate since the real estate market seems to be steady and investor friendly.

Getting more than what you ask for is always a wonderful feeling. That is exactly what translates smiles in to delight, and comfort into content. And when you want an equivalent to describe this feeling, Krishna Goldfields won’t let you down. It is much more than your expectations, much more in value and much more in experience.

Krishna Goldfields, located near Electronic City, Bangalore, comprises of 606 premium value homes spread across 6.62 acres with almost 85% open spaces and beautiful landscapes. Your home here is far beyond the walls of your house… it includes the sky, the stars, the breeze and plenty of greens.

Get used to ‘more’ in life with Krishna Goldfields.

AMENITIES

Swimming pool

Toddler’s pool

Half Basket Ball court

Children’s play area

Landscaped garden

18,000 sq.ft. Club house

Fully equipped gymnasium

Table tennis

Cards room

Steam and Sauna

Departmental store

Party hall

Aerobics hall

Creche

Pantry

Multipurpose hall

Approval of layouts and building plansOf recent, the public are utterly confused about registration of transfer of properties. The registration process, which was a smooth process hitherto, all of a sudden has become very tedious calling various documents, approvals, orders, which were not insisted earlier. A document, which is considered as correct in one sub registrar office is rejected as not correct in other sub registrar office. Revenue department, Department of Inspector General of Registration and Commissioner of Stamps, all the sub registrars are utterly confused themselves and are unable to guide the public.

Karnataka Government by notification RD/174/MUNOMV/2005/ dated 23/4/2005 had declared the transfer of certain properties as opposed to public policy and instructed the registering authorities not to register the properties detailed in the notification. Further, Government of Karnataka clarifying certain points referred in its notification dated 23/Aug/2005 clarifying certain points referred in its notification dated 23/04/2005, but has only compounded the confusion, adding to the misery of public and stubborn registering authorities, which is causing unnecessary harassment to the public.The two important points, which have affected the registration are conversion of agricultural land to non-agricultural purpose and approval of layouts. The agricultural land cannot be used for any other purpose, unless it is converted to non-agricultural purpose. Under section 95 of Karnataka Land Revenue Act, the Government has recently introduced ‘Single Window’ system for conversion of land.Apart from conversion of land, the layout should be approved by concerned authority, thereafter building need to be approved. Generally, Urban Development Authority, which is in the district is approving authority for layouts. But many layouts are approved by City Municipal Councils, TMC, and Village Panchayats, which has led to low quality development works causing heavy financial burden on local boards and inconvenience to the public – The conversion of land for any purpose other than agricultural purpose should not be in violation of approved master plan, CDP proposals.As far as Bangalore and surrounding areas are concerned, there are various planning authorities which approve layouts. Each planning authorities has specified jurisdiction. People should know that the Bangalore City Corporation, various City Municipal Councils, TMC or Village Panchayat do not have any authority to approve layouts which vests with Jurisdictional Planning Authorities. Many problems have come because of the unauthorised and indiscriminate approval of layout by these authorities, which has exposed the public to hardships.Approval of Building Plans.Before discussing about planning authorities, we shall understand about the powers of local bodies like City Corporation, Municipal Councils, TMC, Village Panchayats to approve building plans. Constructions are permitted only on converted lands and approved layouts.Village Panchayats may approve building plans with ground plus one structures within their jurisdictional areas only. Gramathana sites have come under strict scrutiny and many Panchayat Boards have mindlessly issued Form 9 & 10 and any approval of building plans on such gramathana sites requires extra precaution. The gramathana sites can be identified by referring to village map of department of survey and settlement. As per new circular such sites should be certified by village accountant enclosing a rough sketch of the gramathana site indicating the exact location in the village map and its boundaries. If the gramathana site satisfies all these stipulations, the Government will not insist on conversion, and village panchayat may approve building plan of ground plus one floor on such site. However, it is very difficult to identify genuine gramathana sites as lot of bogus documents are in circulation.City Municipal Councils, TMC and Bangalore City Corporation may approve building plans upto ground plus three floors only. Any building plans in excess of ground plus one in village panchayat areas and in excess of ground plus three floors in the area of city corporation and municipal councils needs approval from Town Planning Authorities.Deemed ConversionAs stated earlier, the layouts have to come only in converted lands. Hon’ble High Court of Karnataka in its judgement in BDA V/s. Vishwa Bharathi House Building Co-operative Society (1992(1) LJ 523B (DB) ILR 1991 KAR 440 (DB) has held that agricultural lands within the jurisdiction of a City Corporation is deemed to be converted. But Government has clarified that there is no such deemed conversion, but the competent authority may grant conversion order.Payment of Betterment ChargesIt is also clarified that though the betterment charges are paid to the concerned local authority, and katha has been issued by the local authority, if such property is an agricultural land earlier to payment of betterment charges. Conversion of land to non-agricultural purpose is necessary under the provisions of section 95 of Karnataka Land Revenue Act 1964. In this circumstances payment of betterment charges and issuance of the Katha is not a conclusive proof of conversion.

The jurisdiction of BDA comprises the area of Bangalore City Corporation surrounding City Municipal and Town Municipal Councils and Village Panchayats and applications may be addressed to Commissioner, Bangalore Development Authority, Kumarapark, Bangalore-20.The office of BMRDA is located at LRDE building, Ali Askar Road, Bangalore, and has jurisdiction on Bangalore Urban and Rural Districts and Malur taluk of Kolar district, except areas covered under BDA, BIAAPA and other Local Planning Authorities.BIAAPA also has its office at LRDE building, Ali Askar Road, opposite to Palace Guttahalli Bangalore-52, and has jurisdiction over the proposed new airport and its environs.BMICAPA has jurisdiction over small area of about 65 Sqkms comprising Bangalore-Mysore Inter Corridor Area.Other planning areas referred above have Jurisdiction over respective towns and environs.

Planning area under BMRDA is very vast, but infrastructure available in BMRDA is not enough for speedy disposal of approvals, causing much delay.In other cases, not referred above the respective Urban Development Authority like Shimoga Urban Development Authority, Bellary Urban Development Authority has jurisdiction to approve the layouts, if the lands are situated in their geographical jurisdiction. There are 27 Urban Development Authorities in the State.

Apart from these Urban Planning Authorities, if the land is situate in the areas of any planning authorities, the applications have to be referred to the member secretary of concerned planning authority. There are 42 planning authorities in the state.

If the properties are located outside the jurisdiction of BDA, BMRDA, /BIAAPA, BMICAPA, Urban Development Authorities, Member Secretary Planning Authority, the application have to be submitted to Assistant Director, Town Planning.

Only these authorities have powers to approve layouts and building plans within its stipulations. Any development activities have to be permitted by these planning authorities as per the provisions of various laws and local bodies have no authority to grant such permissions.

Actual Possession of an immovable property is one of the basic criteria considered for ascertaining the ownership over it. In other words, a person can be in continuous possession of a property for several years without title, thus getting an opportunity to claim ownership of the property by adverse possession. The person claiming ownership rights over the property on the basis of having physical possession of it after the expiry of the stipulated time of 12 years is termed as ownership by Adverse Possession. However, the real owner is not deprived of his ownership over the property by the mere fact that some stranger is in continuous occupation of the same; only if the owner takes action by enforcing his ownership rights within a reasonable time. The term reasonable time is based on the provision envisaged in the Law of Limitation.

Adverse Possession

The occupation or possession can be termed as ‘Adverse Possession’ when a person is in possession of an immovable property, which adversely affects and deprives the interest of the real owner over such property. Thus, the term adverse it-self indicates a hostile or unfriendly possession, which is either expressed or implied thereby denying the title of the true owner.

Ingredients to constitute Adverse Possession

The mere fact that a person is in occupation of an immovable property does not by itself convey or give an opportunity to claim ownership by Adverse Possession. There are certain necessary ingredients that are to be proved for acquiring title by way of adverse possession:

-> Possession of the property: The foremost pre-requisite to put-forth a claim for adverse possession is that the said person has to be in actual possession of the property. Possession is quite distinct from title and can be independent of it. Further there is a difference between possession and mere occupation. Possession in the context of claiming title by way of adverse possession means physical occupation, coupled with the intention of holding the property under occupation to the exclusion of owner. Thus, mere possession of a vacant piece of land or sharing of possession with others without any exclusive possession or without hostile assertion against the real owner would not constitute adverse possession as recognized by various High Courts.

-> Continuous possession: Another essential aspect is that the person who intends to claim title by way of adverse possession must be a person who exclusively holds the immovable property openly, peacefully, enjoying without interruption by the true owner.

-> Adverse to the interest of the Owner: It is also important that the stranger must be in possession of the property with intent to deprive the rights of the real owner thereby adversely affecting the interests of the real owner.

-> Knowledge of the real owner: Generally, owners will convey possession of the property in favour of another on the basis of some kind of contract, whether express or implied. For instance, a person can be in occupation of a property as a tenant or licensee or in any other capacity, which based on some relationship. Unlike the above, in the case of adverse possession, the person in occupation of the property need not be necessarily a trespasser or a stranger to the owner and the fact that such a person is in continuous occupation of the property is well within the knowledge of the real owner, who does neither object nor bother to interrupt such possession. Further, the people residing in the vicinity or neighborhood must also know about the stay of that particular person in the property. In other words, the occupation of the property by that particular person must receive adequate publicity. It is not necessary that the true owner should have actual knowledge of the adverse possession so long as it is open to be ascertained and the interested parties have knowledge of it. However law does not help a wrong-doer who obtains the possession of another’s property in a clandestine manner and has concealed the knowledge of possession from the person who is the rightful owner.

->Statutory period of 12 Years: Apart from the above, it is also very important that the person claiming ownership over the property without having lawful title can claim the property by way of adverse possession only after completion of 12 years from the date of taking over possession. However, the mere fact that the person has been in actual possession of the property for more than 12 years itself does not give a right of adverse possession. The period of 12 years, provided under the Limitation Act, has to be proved along with sufficient evidence of existence of all the above explained essential ingredients.

-> Assertion of right by the Owner: Further, the owner should have failed to assert his right over the property in spite of having knowledge about the occupation of the property by a stranger. Law does not favour those who sleep over their rights in spite of being aware of the fact that the occupation of the premises by the stranger is hostile to the ownership rights. In fact, Law of Limitation provides an opportunity to the owner to assert and enforce ownership rights within a period of 12 years, which runs from the date when there is an intention of the person claiming adverse possession to acquire the property which belongs to another person and runs against the interest of the true owner having a right of immediate possession.

Thus, the mere fact that the person is in possession of the property does not confer ownership rights unless the same is accompanied by an open assertion of hostile title. In fact, the possession turns adverse only when the right of the possessor and the true owner does not match. The person holding possession of the land should hold the same on behalf of some person other than true owner, while the true owner all along has a right of immediate possession of the property, but never makes an endeavor to enforce his right over the property.

Instances of Adverse Possession

There is a situation that possession has been taken over by a trespasser or any other person, whose possession was originally lawful, but became unlawful subsequently. The trespasser claims ownership over the property, while the owner is not inclined to take any action. The trespasser starts paying taxes and starts dealing with the property for more than 12 years claiming interest against the owner. In such case, the chances of the owner losing the property are very high.

There is no law which says that possession cannot be acquired by force or by a person who does not have title. All that matters is the mode in which the title is acquired. The rationale behind the concept of law of adverse possession is that Law does not always help those who sleep over their rights without asserting their rights within the permissible period when some person is deliberately trying to act which would adversely affect the interest of the owner.

Supremely comfortable residences nestled in the midst of Bangalore's bustling IT corridor; UKn offers aesthetically designed living areas that transform the space into a home-owner's delight.

Interlaken offers a choice of 2 and 3 Bedroom Residences along with a radiant living room and balcony for intimate gatherings. The bathrooms come equipped with luxurious fittings that complement the grandeur of the house. Through Interlaken, UKn delivers luxurious flooring along with elegant skirting designs that breathe freshness into residential spaces.

The classic European elegance is a subtle undertone, silhouetted with a recurring motif of wood and consistent palette of natural materials.

Man does not live only for food, cloth or shelter or for himself. He has certain social responsibilities to provide for his family and also for himself in old age. This naturally makes him save some portion of his earnings and invest in lucrative portfolios. After the basic needs of food, cloth and shelter are fulfilled he strives to improve his standard of living and to enjoy the fruits of hard earned money.

Investment avenues are many. But the investor should be prudent enough to select a proper area, which is safe and secured with assured reasonable returns. Earlier the bank deposits, stocks, mutual fund, insurance policies and bullion were most opted. With increased business, globalization of economy has unfolded many more areas. The investment has become very complex which has led to the emergence of specialized investment advisers.

Bank deposits, insurance policies, mutual funds have become unattractive because of low returns and failure of many companies. Stock market is unpredictable and volatile. Moreover, these investment avenues are for short-term which need close monitoring. Further the quantum of investment is generally small.

In recent past real estate has emerged as a safe and high yielding investment opportunity. Investment in real estate is a long-term investment and needs a considerable amount. It is not only financial but also sentimental and emotional investment.

The liberalization initiated by the Government has opened up the hitherto dormant Indian economy and many multinational companies set up their offices in major metros. The improved pay packets of vast middle class population opened many investment routes. The desire to own a roof over their head as early as possible and the migration of rural people to urban centres in search of assured income jobs, further expanded the real estate market.

However, as the demand exceeded supply, many fly by night operators appeared on the stage and indulged in speculation and an artificial price spiral, which resulted in crash of real estate market in latter half of 1990. But now the market has regained its potential. Only serious vendors and endorsers are operating in the market.

The yield in the realty market has to be calculated on the capital invested and annual rental returns less property tax, income tax and annual maintenance charges. This return varies according to the type of property residential, commercial or office space. In Bangalore the returns are about 8% for residential, 12% for office space and 15% for commercial space. There are certain determining factors, which play a crucial part in the property investment.

Where to invest? In other words the location. There is equal demand for all types of space in metropolitan cities and market trends are more transparent on account of competition and frequency of dealings. But smaller towns have potential of increased returns because of dearth of space. Local politics also plays its role in determining the returns in small towns.

Huge Investment: Investment in real estate needs higher amount and the minimum entry level will be in multiples of lakhs say about Rs. 20 lakhs for residential and much more for office and commercial space.

Time factor: The sale of property requires long time for finding a suitable purchaser and for complying with the legal requirements. Further, the appreciation of capital value of the land is slow but certain and stable unlike in stocks and shares.

Local Laws: The realty investment calls for more discretion and involves complicated processes like title verification, land use according to local laws, floor area ratio, restriction on sale for some period and many more laws, rules depending upon the political environment.

Tax factor: Uncertain tax rules and rates which vary every year need to be considered. Property tax is an annual commitment which is being increased every year by self-assessment or capital based assessment. Rental income also attracts income tax to be paid annually; sale of property attracts capital gains and purchase invites stamp duty and registration charges. Property tax & stamp duty varies from State to State.

Type of property: As stated earlier the type of property is also very important. It may be residential, commercial or office space. The demand and supply position of each sector needs to be carefully examined. Residential property calls for smaller investment. Commercial and office space need higher investmentType of returns: Real estate sector offers two types of returns namely:

(i) monthly return in the form of rentals and the returns on the lease amount invested in the bank securities or in business and (ii) the other type is the sale consideration on sale of the property. The amount to be invested also depends on the mode of returns expected. Generally, leasing of property is attractive only for business people. Lease amount does not attract interest. Commercial property and office space yield high returns to the extent of 15% whereas the residential property yield about 8%.

Risk Factor and Limitations of Legal Scrutiny

Tracing the title of the property is the most important step in purchasing the property which has to be done by an experienced advocate well versed in property laws. Property laws are very complex and vary from State to State. Further many times, age-old records need to be examined which may not be available with the parties or even in jurisdictional Sub-registrar's offices. Further legal scrutiny is based on the documents produced for verification. However, it is not the duty of the advocate to certify the genuineness of the documents from the concerned departments. Honesty and integrity of the seller is very important. Certain hidden facts like pending cases, prior agreements and government notification of the property cannot be traced easily by verification of the documents. However, paper notification about purchase of property would help to unearth some claims.

Liquidity

Investment in real estate cannot be immediately converted in to cash unlike stocks, deposits. However, the property is most sought after security for bank loans and rents may be securitised by obtaining loans from the Banks.

Maintenance charges

Property needs periodical maintenance, which involves a considerable amount.Landlord Tenancy problem: Most of Indian laws are pro tenant offering maximum protection to tenants but gradually they are being amended to strike a fine balance. But even now it takes much time to evict a tenant who has defaulted in payment of rents or who has violated the terms of agreement.

Political Environment

Government has maximum control on real estate sector. Sale or purchase of agricultural land has many restrictions in Karnataka. Land use restrictions exist in many towns. The major source of revenue to Government is from the immovable properties in the form of stamp duty and property tax. In case of acquisition by the Government, the compensation paid is very much less than the market value.

Price cycle

It has been observed that the real estate has regular ups and downs where the prices go on increasing for some period and slide down for some time. But this cycle is a long-term trend. Though the investment is huge, the investor needs to be patient to have a good return which takes a long time. It would be suicidal to expect appreciation in short run. Two components, the building and the land move in opposite directions, the building value gets depreciated and the land value gets appreciated.

Other factors

Some factors remotely linked to this sector play a crucial role in determining the price. Introduction of one-way traffic and construction of flyovers near the property decreases the value of the property. Vaastu nowadays has become important. Another area of concern is want of information in property market. The available information is too insufficient and often contrasting. Even the transactions recorded in registrar's office will not reveal the real price of the property as the amount other than what is mentioned in the document might have been paid.

Rental Income

The rental income from the properties is in the range of 0.5% to 1% p.m. on the investment. Apart from this income, the value of the property appreciates regularly, whereas in the case of bank deposits, the value of the money deposited gets eroded on account of inflation. The investment in agricultural properties and farm houses are not remunerative. The income from the agricultural property, is seasonal and depends upon weather and climatic conditions. Further, the sale of agricultural properties has many restrictions. The farm house demands good maintenance which proves costly and many times the income there from may not meet the maintenance charge even. The investment in real estate is a better option.

Real estate is the only sector which yields better returns apart from capital appreciation provided the investor is prudent and has taken necessary precautions.

Welcome to Naksha Atlantis. A world of luxury combined with serenity and nature graces every step. SHIFT close to your workplace and away from pollution.

Concieved by Naksha Projects, Atlantis stands in the middle of Electronic City, yet away from the bustling activity to have enough peace one out of your workplace. It is just 1KM away from one of the biggest IT majors, Wipro.

Amenities:

Swimming pool

The complex has a locked private common area near the swimming pool, with astro turf grass, a paddling pool adjacent to the adult swimming pool, plus small play-area tables.

Gymnasium

Tone up your body,Maintain your physique,Stretch yor limbs. lift a few dumbbells. But, surely you will fall in love with our gym.

Childrens play area

Naksha's apartments have gated areas for children to play. Climbing frames, play tables and spring animals and much more

Indoor games

Indoor Sports. Enjoy a game of table tennis or a work out to brain at a game of chess or have fun at many Indoor games at our Indoor Game Area.

Banquet hall

The banquet hall can be used for all the personal and professional purposes such as boardroom meeting, training sessions, conference, birthday parties, Group Discussion Sessions, Quarterly parties, Team events and many other similar occasions.

Man does not live only for food, cloth or shelter or for himself. He has certain social responsibilities to provide for his family and also for himself in old age. This naturally makes him to save some portion of earnings and invest in lucrative portfolios. After the basic needs of food, cloth and shelter are fulfilled he strives to improve his standard of living and to enjoy the fruits of hard earned money.

Investment avenues are many. But the investor should be prudent enough to select a proper area, which is safe and secured with assured reasonable returns. Earlier the bank deposits, stocks, mutual fund insurance policies and bullion were most opted. With increased business, globalization of economy has unfolded many more areas. The investment has become very complex which has led to the emergent of specialized investment advisers.

Bank deposits, insurance policies, mutual funds have become unattractive because of low returns and failure of many companies. Stock market is unpredictable and volatile. Moreover, these investment avenues are for short-term which need close monitoring. Further the quantum of investment is generally small.

In recent past real estate has emerged as a safe and high yielding investment opportunity. Investment in real estate is a long-term investment and needs considerable amount. It is not only financial but also sentimental emotional investment.

The liberalization initiated by the Government, opened up the hitherto dormant Indian economy and many multinational companies set up their offices in major metros. The improved pay pockets of vast middle class population offered as many investment routes; With a desire to own a roof over their head as early as possible, the migration of rural people to urban centers in search of assured income jobs, further expanded the real estate market.

However, as the demand exceeded supply, many fly by night operators appeared on the stage and indulged speculative and artificial price spiral, which resulted in crash of real estate market in later half of 1990. But now the market has regained its potential. Only serious vendors and end-users are operating in the market.

The yield in the realty market has to be calculated on the capital invested and annual rental returns less property tax, income tax and annual maintenance charges. This return varies according to the type of property, residential commercial office space. In Bangalore the returns are about 8% for residential 12% for office space and 15% for commercial space They are certain determining factors, which play a crucial part in property investment.

Where to invest? There is equal demand for all types of space in metropolitan cities and market trends rates are more transparent on account of competition and frequency of deals. But smaller towns have potential of increased returns because of dearth of space. Local politics also plays its role in determining the returns in small towns.

Amount of investment: Investment in real estate needs higher amount and the minimum entry level will be in multiples of lakhs about 15 lakhs for residential and more for office and commercial space.

Time factor: The sale of property requires long time for finding a suitable purchaser and complying with legal requirements; further the appreciation of capital value of the land is slow but certain and stable unlike in stocks, debentures.

Statutes Local Laws: The realty investment calls for more discretion and involves complicated process like title verification, land use according to local laws, floor area ratio restriction on sale for some period and many more unexpected laws, rules depending upon the political environment.

Tax factor: Uncertain tax rules, rates which vary every year need to be considered. Property tax is an annual commitment which is being increased every year by self-assessment or capital based assessment. Rental income also attracts income tax to be paid annually; sale of the property attracts capital gains and purchase invites stamp duty and registration charges, property tax & stamp duty varies from state to state.

Type of property: As stated earlier the type of the property is also very important. It may be residential, commercial or office space. The demand and supply position of each sector needs to be carefully examined. Residential property calls for smaller investment. Commercial and office space need higher investment.

TYPE OF RETURNS

Real estate sector offers two types of returns:

Recurring: This is monthly return in the form of rentals, or the returns on the lease amount invested bank, securities or in business. The other type is return on sale of the property. The amount to be invested also depends on the mode of returns expected. Generally leasing of property is attractive only for business people. Lease amount does not attract interest. Commercial property and office space yield high returns to the extent of 15% where as the residential property yield about 8%.

Tracing the title of property is most important step in purchasing the property which has to be done by an advocate well versed in property laws and well experienced. The property laws are very complex and vary from state to state. Further many times, age-old records need to be examined, which may not be available with the parties or even in jurisdictional offices. Further legal scrutiny is based on the documents produced for verification. However, it is not the duty of the advocate to certify the genuineness of the documents from concerned departments. The honesty and integrity of the seller is very important. Certain hidden facts like pending cases, prior agreements, government notification of the property cannot be traced easily by verification of the documents. However, paper notification about purchase of property would help to unearth some claims.

Liquidity: Investment in real estate cannot be immediately converted to cash unlike stocks, deposits. However the property is most sought security for bank loans and rents may be securitized by obtaining loans from the Banks.

Landlord Tenancy problem: Most of Indian laws are pro tenant offering maximum protection to tenants but gradually they are being amended to strike fine balance. But even now it takes much time to evict a tenant who has defaulted in payment of rents or who has violated the terms of agreement.

POLITICAL ENVIRONMENT

Government has maximum control of real estate sector. Sale of purchase of agricultural land has many restrictions in Karnataka. Land use restrictions exist in many towns. The major source of revenue to the Government is from the immovable properties in the form of stamp duty and property tax. In case of acquisition by the government the compensation paid is very much less than the market value.

PRICE CYCLE

It has been observed that the real estate has regular ups and downs where the prices go on increasing for some period and slide downwards for time. But this cycle is long-term trend. Though the investment is huge, the investor needs to be patient to have good returns which takes long time. It would be suicidal to expect appreciation in short run. Two components, the building and land move in opposite directions, the building value gets depreciated and land value gets appreciated.

OTHER FACTORS

Some factors remotely linked to this sector plays crucial past in determining the price. Introduction of one-way traffic construction of flyovers near the property decreases the value of the property. Vaastu nowadays has become important. Even the transactions recorded in registrar’s office will not reveal the real price of the property as amounts other than what is mentioned in the documents might have involved.

RENTAL INCOME

The rental income from the properties is in the range of 0.5% to 1% p.m. on the investment. Apart from this income, the value of the property appreciates regularly. Whereas in case of bank deposits, the value of the money deposited gets eroded on account of inflation. The investment in agriculture properties and farm houses are not remunerative. The income from the Agricultural property, is seasonal and depends on weather and climatic conditions. Further, the sale of the Agricultural properties has many restrictions. The farm house demands good maintenance which proves costly as at many times the income may not match the maintenance charges. The investment in real estate, is a better option.The real estate is only sector which yield better returns apart from capital appreciation, provided the investor is prudent and have taken enough precautions.